Wynn Resorts, Limited (NASDAQ:WYNN) Shares Bought by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC lifted its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,718 shares of the casino operator’s stock after buying an additional 1,607 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Wynn Resorts were worth $923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Dallas Securities Inc. increased its holdings in Wynn Resorts by 1.4% during the 4th quarter. First Dallas Securities Inc. now owns 53,165 shares of the casino operator’s stock valued at $4,581,000 after acquiring an additional 759 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Wynn Resorts by 1.1% during the 4th quarter. Hodges Capital Management Inc. now owns 338,134 shares of the casino operator’s stock worth $29,134,000 after purchasing an additional 3,839 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Wynn Resorts during the 4th quarter worth approximately $1,287,000. Spire Wealth Management raised its position in shares of Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Wynn Resorts in the 4th quarter valued at approximately $386,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WYNN shares. Morgan Stanley boosted their price target on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their target price on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 5th. Susquehanna upped their price objective on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday, October 11th. Finally, Barclays lowered their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.23.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $83.56 on Tuesday. The stock’s 50 day moving average price is $87.93 and its 200 day moving average price is $86.97. Wynn Resorts, Limited has a one year low of $71.63 and a one year high of $110.38. The firm has a market capitalization of $9.18 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Wynn Resorts’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. On average, analysts forecast that Wynn Resorts, Limited will post 4.69 earnings per share for the current fiscal year.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.